Sec. 31.08.12.04. Exceptions

An insurer may not utilize the activation of a temporary moratorium to deny binding authority or coverage for the following transactions:

A. Property insurance that was bound prior to the activation of the temporary moratorium;

B. Automobile liability insurance purchased in connection with the purchase of a new or used motor vehicle by a consumer;

C. Issuance of a policy for which the risk of loss is unrelated to the events or emergencies listed Regulation .03C of this chapter; or

D. The purchase of additional coverages, endorsements, or limits for an existing policy during its renewal period, subject to any change becoming effective on the renewal date of the policy. For the purpose of section, “renewal period” means the 45-day period immediately prior to the renewal date of a policy.